Top-down and bottom-up approaches have been used to estimate and validate the size of the market, and estimate the size of various other dependent submarkets in the overall PO market. The research study involves the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, ICIS, Securities and Exchange Commission (SEC), among other government and private websites, to identify and collect information useful for the technical, market-oriented, and commercial study of the PO market.

PO is manufactured from various raw materials such as ethylene, propylene, alpha olefin, and catalysts. Chevron Phillips Chemical Company (U.S.), Sinopec Corp. (China), ExxonMobil Corporation (U.S.), and BASF SE (Germany) are the major raw material providers. These raw materials are supplied to the major manufacturers of PO such as The Dow Chemical Company (U.S.), Sinopec Corp. (China), ExxonMobil Corporation (U.S.), and Lyondell Basell Holdings B.V (Netherlands).

Key Target Audience:

Manufacturers of PO

Traders, distributors, and suppliers of PO

Government and regional agencies and research organizations

Investment research firms

Scope of the Report:

This research report categorizes the PO market on the basis of type, application, and region.

On the basis of Type:

PE

PP

FPO

Others

On the basis of PE Application:

Film & Sheet

Injection Molding

Blow Molding

Others

On the basis of PP Application:

Film & Sheet

Injection Molding

Fibers & Raffia

Others

On the basis of EVA Application:

Film

Extrusion Coating

Injection Molding

Compounding and Wire & Cable

Other Non-extrusion

Other Extrusion

On the basis of EPDM Application:

Automotive

Building & Construction

Plastic Modification

Others

On the basis of Region:

North America

Europe

Asia-Pacific

Middle East & Africa

South America

The market is further analyzed on the basis of key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the company. The following customization options are available for the report:

Regional Analysis:

Country-level analysis of the PO market, by type.

Company Information:

Detailed analysis and profiling of additional market players.

The market size of polyolefins (PO) is estimated to reach USD 297.09 Billion by 2021, at a CAGR of 7.82% during the forecast period. The market is driven by increasing demand from the plastic, packaging, building & construction, and transportation end-use industries. The need for PO is backed by increasing demand for plastic products in film & sheet, injection molding, extrusion coating, blow molding, and other applications.

Film & sheet is the largest end-use application of PO. Increasing use of films in automobile, construction, food & non-food packaging, and solar energy is one of the major drivers the PO market. PO materials such as PE, PP, and EVA are expected to show high demand in the film & sheet application. PE is the most widely used polymer in the plastic industry due to easy availability and cheaper processing techniques in comparison to other polymers. The primary driver for PO resin consumption is the increasing demand from developing countries. Growing preference of manufacturers for bio-based polyolefins products is also driving the market. The plastic industry has wide scope of expansion, which in turn is expected to increase the consumption of PO materials during the forecast period.

PO materials are segmented into PE, PP, and FPO, including EVA, EPDM, TPO, POE, and POP, based on type. In 2015, PE accounted for the largest market share, in terms of value and volume, and is projected to register the second-fastest growth in the PO market, between 2016 and 2021, owing to its superior properties and cost advantages over other PO products.

Asia-Pacific, North America, Europe, the Middle East & Africa, and South America are considered as the main regions for the PO market. Asia-Pacific dominates the market owing to increased population and rising demand for plastic products. The rising demand for high-quality PO products with superior physical properties has significantly increased the growth of the regions process industry, which consequently has triggered the demand for PO. Film & sheet and injection molding are the top two end-use applications contributing to the growing demand for PO in Asia-Pacific.

High capacity-to-demand ratio is considered as a major restrain for the overall market. There has been a surge in plant capacities in the PO market, whereas the demand has been increasing at a moderate rate, resulting in higher capacity-to-demand ratio. Concerns over plastic disposal and stringent government regulations for increasing the use of paper products are also growing concerns of the PO market.

The global PO market is dominated by leading players such as Sinopec Corp. (China), LyondellBasell Industries Holdings B.V. (Netherlands), ExxonMobil Corporation (U.S.), and The Dow Chemical Company (U.S.). The diverse product portfolio, strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements strengthen the market position of these companies in the PO market. They have been adopting various organic and inorganic growth strategies, such as new product launches, expansions, collaborations, & investments acquisitions, agreements, & technology transfers, to enhance their current market shares. This is expected to help the market evolve in more applications and expand their market shares.

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